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X-energy Announces Receipt from NRC of Schedule for Xe-100 Construction Permit Application

LCG, June 17, 2025--X-energy Reactor Company, LLC (X-energy) announced yesterday that it has received key updates from the U.S. Nuclear Regulatory Commission (NRC) regarding the construction permit application for the initial deployment of the Xe-100 advanced reactor at a Texas Gulf Coast site. The NRC published an 18-month review timeline for the project, located in Seadrift, Texas, and will concurrently proceed with its environmental assessment. The NRC cited the completeness and quality of the application, as well as the effectiveness of pre-application engagements for the 18-month timeline.

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XGS Energy and Meta Announce Agreement on Advanced Geothermal Project in New Mexico

LCG, June 13, 2025--XGS Energy, Inc. (XGS) and Meta Platforms, Inc (Meta) yesterday announced an agreement to support the development of a next-generation, geothermal energy project that will provide clean power to Meta’s data centers in New Mexico.

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Industry News

California Assembly Advances Plant Inspection Bill

LCG, Apr. 9, 2002--Gov. Davis of California may this week consider a bill narrowly passed by the Assembly that would allow the state Public Utilities Commission to enforce a set of plant operations guidelines at privately owned power plants.

Outages for maintenance or unforeseen repairs are seen as a possible threat to the security of the state's power supply. Supporters of the measure, SB 39xx, believe that government inspections would prevent outages from driving up power prices. Loretta Lynch, president of the PUC, said the bill's passage is "a significant blow to generators that don't play by the rules."

Detractors think that if the bill were to be made law, its overall effect would be to discourage power companies from investing in new power plants. Bill Leonard, R-San Bernardino, said SB 39xx represents "a huge intrusion on private industry," and could lead to further blackouts.

The Senate has yet to vote on the bill. Gov. Davis, while in favor of the intentions behind the bill, has signalled he has to weigh the enforcement provisions before making a decision on whether he can sign the measure into law. The guidelines for plant operations would be determined by a three-person committee, and directly implemented by the PUC.
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